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  • €4 MAU

    )1, JINDOL POLY INVESTMENT PHD FINRNCE COMPANY LTD Head Office: Plot No. 12, Local Shopping Complex, Sector-B1, Vasant Kunj, New Delhi-110070 (INDIA) mAng

    Phone : 011-26139256 (10 Lines) Fax : (91-11) 26125739 Website : www.jpifcl.com

    JPIFCL/SE/June - 2020/ ) 4, Date: 30th June, 2020

    The Manager Listing BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001

    Stock Code: 536773

    The Manager, Listing National Stock Exchange of India Ltd. Exchange Plaza, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 051

    Stock Code: JPOLYINVST

    Sub: Outcome of the Meeting of Board of Directors of Jindal Poly Investment and Finance Company Limited held on 30th June. 2020

    Dear Sir,

    This is to inform you that the Board of Directors in their meeting held on 30th June, 2020 (Commenced at 013:15 PM and concluded at IQ'. 50 has considered and approved, inter alia, following business: -

    1. Considered and approved the Standalone and Consolidated Audited Financial Results for the Quarter and year ended 31st March, 2020.

    2. Considered and approved the Auditors Report on the Standalone and Consolidated Financial Results for the quarter and year ended 31st March, 2020.

    3. Appointment of M/s ADB & Co., Chartered Accountants as Internal Auditors of the Company for the financial year 2020-21.

    4. Appointment of M/s Pragnya Pradhan & Associates, Company Secretaries as Secretarial Auditor of the Company for the financial year 2020-21.

    Please take the above information in your record.

    For Jindal Poly Investment and Finance Company Limited

    Nidhil haskar Company Secretary M. No. : A48649

    Regd Office: 19th K.M. Hapur Bulandshahr Road, P.O. Gulaothi, Distt. Bulandshahr (U.P.)

    CIN: L65923UP2012 PLC051433

  • A P T and Co LLP Chartered Accountants C‘

    Independent Auditor's Report on Quarterly and Annual Audited Standalone Financial Results of Tindal Poly Investment and Finance Company Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

    To the Board of Directors of Jindal Poly Investment and Finance Company Limited

    Report on the Audit of the Standalone Financial Results

    Opinion

    1. We have audited the accompanying statement of quarterly and annual standalone financial results ('the Statement') of Jindal Poly Investment And Finance Company Limited (`the Company') for the quarter and year ended 31 March 2020, attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'), including relevant circulars issued by the Securities and Exchange Board of India (`SEBI') from time to time.

    2. In our opinion and to the best of our information and according to the explanations given to us, the Statement:

    (i) presents financial results in accordance with the requirements of Regulation 33 of the Listing Regulations, and

    (ii) gives a true and fair view in conformity with the applicable Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 ('the Act'), read with relevant rules issued thereunder, and other accounting principles generally accepted in India, of the standalone net loss after tax and other comprehensive income and other financial information of the Company for the year ended 31 March 2020.

    Basis for Opinion

    3. We conducted our audit in accordance with the Standards on Auditing ('SAs') specified under section

    143(10) of the Act. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Statement section of our report. We are independent of the

    Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of

    India ('the ICAI') together with the ethical requirements that are relevant to our audit of the financial

    statements under the provisions of the Act and the rules thereunder, and we have fulfilled our other

    ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that

    the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion. ori C

    cr

    AFT & CO (o Partnership Firm) converted into APT and Co LLP (o Limited Liability Portneistiip with LIP identity no: LLPIN AAI•80

    F°N a Zroi

    Irtigi 23-01-2018

    Office: 421, DLF Star Tower, NH-8, Exit -8, Gurgaon-122001(Haryana) India Tel: 0124-4252455 E-mail: sonjeevgaptIlp,com Website: www.optllp.com

    Head Office: A-2/36, Third Floor, Safdorjung Enclave, New Delhi-1 10029

  • Responsibilities of Management for the Standalone Financial Results

    4. This Statement has been prepared on the basis of the standalone annual audited financial statements

    and has been approved by the Company's Board of Directors. The Company's Board of Directors is

    responsible for the preparation and presentation of the Statement that gives a true and fair view of

    the net profit/loss and other comprehensive income and other financial information of the Company

    in accordance with the accounting principles generally accepted in India, including Ind AS prescribed

    under Section 133 of the Act, read with relevant rules issued thereunder and other accounting

    principles generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations.

    This responsibility also includes maintenance of adequate accounting records in accordance with the

    provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting

    frauds and other irregularities; selection and application of appropriate accounting policies; making

    judgments and estimates that are reasonable and prudent; and design, implementation and

    maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

    5. In preparing the Statement, the Board of Directors is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

    6. The Board of Directors is also responsible for overseeing the Company's financial reporting process.

    Auditor's Responsibilities for the Audit of the Statement

    7. Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with Standards on Auditing, specified under section 143(10) of the Act, will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement.

    8. As part of an audit in accordance with the Standards on Auditing, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

    • Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

    • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (I) of the Act, we are also responsible for expressing our opinion on whether the Company has in place adequate internal financial controls with reference to financial statements and the operating effectiveness of such controls.

    O 146 0

    ed

  • • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the management.

    Conclude on the appropriateness of the management's use of the going concern basis of accounting

    and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern.

    If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the